- International Business Machines Corp. (NYSE: IBM), the No. 2 computer company, said it will start providing services in the cloud for consumer electronics makers, starting with Dutch giant Philips Electronics (NYSE: PHG).
- American Airlines could go from being bankrupt to being part of the world's largest airline if a merger with US Airways, the fifth-largest domestic airline, goes through.
- Company responds to a video clip of a Pyongyang pizza joint serving its most popular soft drink. The world's largest beverage company says its product was probably brought in from a neighboring country.
- Workday, the human-resource software company started by PeopleSoft founder David Duffield, filed for a $400 million initial public offering sometime later this year.
- VLO, APC, BP, ENB, XOM, PSX. US Gulf Coast Oil and Gas companies Thursday emerged from shelter in the wake of Hurricane Isaac, a assessing the damage and beginning to re-staff evacuated refineries and offshore platforms as the now-weakened storm winds its way through central Louisiana.
Top After-Market NYSE Movers (SAIC, Domtar, McEwen, Freescale, Crane, Accretive Health, Gerdau, Quicksilver, American Eagle)The top after-market NYSE gainers Thursday were SAIC Inc, Domtar Corp, McEwen Mining, Freescale Semiconductor and Crane Co. The top after-market NYSE losers were Accretive Health, Gerdau SA, Quicksilver Resources, American Eagle Outfitters and CoreLogic, Inc.
- GLAAD released its 6th annual "Network Responsibility Index," which maps depictions of the lesbian, gay, bisexual and transgender (LGBT) community on primetime broadcast and cable television. Out of the 10 cable networks ranked, History had the lowest percentage of LGBT-inclusive content,
- Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer company, set a new 52-week low of $16.77 on Thursday, after posting a record third-quarter loss last week and reducing earnings estimates for the current quarter.
- Perhaps it's no coincidence that a week before Amazon is set to make a big announcement it has sold out of the popular Kindle Fire. Is this is prequel to the sequel?
- Electronic Arts Inc. said in a statement Thursday that "Madden NFL 13," the latest iteration of its iconic football video game franchise, sold about 900,000 in its first 24 hours on retail shelves. Citing "internal estimates," EA said the sale was a 7 percent increase from last year's launch, making it the highest-performing launch title for the franchise for the console generation.
- Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, announced its first tablet a year after withdrawing the TouchPad after it bombed with consumers.
- Most of the country's largest merchandisers on Thursday reported solid same-store sales this month.
- Sears Holdings Corp. (Nasdaq: SHLD), which revolutionized retail in the 20th century with its mail order catalogs. will be removed from the S&P 500 Index at the end of Sept. 4, according to Standard & Poor's, after struggling to lure consumers amid the weak economy.
- Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment, is confident that Beijing will step up easing efforts to drive an economic rebound and China's economic growth will probably recover this year.
- U.S. private equity firm The Carlyle Group (Nasdaq:CG) will pay $4.9 billion in cash for a unit of E.I. DuPont de Nemours and Co (NYSE:DD) that makes industrial and vehicle coatings.
- Can Richard Schulze, the 71-year-old founding CEO of Best Buy Co. (NYSE: BBY) put his money where his mouth is? Can he fork up billions from private eqiuity behemoths like KKR (NYSE: KKR)?
Top After-Market NYSE Movers (Pandora, LyondellBasell, GenCorp, ING Group, Oxford Industries, Rogers, Bank of Nova)The top after-market NYSE gainers Wednesday were Pandora Media, LyondellBasell Industries, GenCorp, ING Group and Turquoise Hill Resources Ltd. The top after-market NYSE losers were Oxford Industries, Rogers Communication, Tim Hortons, Asbury Automotive Group and Bank of Nova Scotia.
- Kim Kardashian has settled a $20 million lawsuit against the clothing retailer Gap Inc. (NYSE: GPS) over an Old Navy